According to the public record, 8, Drawwell Lane, Shrewsbury is a mid-century freehold house and with 914 ft2 of internal area and sits on a 388 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Drawwell Lane, Wem, Shrewsbury, SY4 is located within the SY4 postal district.
8, Drawwell Lane, Shrewsbury has 71 entries in the Land Registry database, most recently in March 2024 and no records in the EPC database.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 8 Drawwell Lane Shrewsbury as £295,309 and the rental value as £1,059 per month giving an expected gross yield of 4.3%.
Over the last 12 months the sale value of 8 Drawwell Lane Shrewsbury has increased by £13,143 (4.5%) and its rental value has increased by £39 per month (3.7%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 8, Drawwell Lane, Shrewsbury is in very good condition we estimate a sale value of £310,074 and rental value of £1,112 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £274,637 and a rental value of £985 per month.
If you were able to purchase this property for the estimated value of £295,309, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,451 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to data from HM Land Registry, 8, Drawwell Lane, Shrewsbury sits on a plot of 388m2.
We have plot size data on 7 out of 10 other houses in the postcode and 8, Drawwell Lane, Shrewsbury sits on the 6th largest plot.
According to HM Land Registry, 8, Drawwell Lane, Shrewsbury was last sold on 07 Mar 2024 for £295,000 and was recorded as a freehold house.
The property has had 7 sales since 1995.
Since Mar 2024, the market for similar properties has risen 2.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Drawwell Lane, Shrewsbury within a radius of 152m over the last 2 years.
The most recent example is 15, Wellgate, Shrewsbury, SY4 5ES, a Freehold house which sold for £210,000 in May 2024.
Read more about house prices in SY4.
Drawwell Lane, Wem, Shrewsbury, SY4 has a total of 10 addresses. According to our analysis of all the public data, 8, Drawwell Lane, Shrewsbury is the 4th largest and the 4th most expensive property on the street.
When compared to the postcode district it is £37k less expensive than the average property in SY4.
8, Drawwell Lane, Shrewsbury has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 11 Aug 2016.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 8, Drawwell Lane, Shrewsbury is Wem station which is 500 m away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 8, Drawwell Lane, Shrewsbury, 46.1% of property is privately owned outright and 36.4% is privately rented.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 8, Drawwell Lane, Shrewsbury, 11.8% of residents are recorded as possessing school level qualifications and 25.0% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 8, Drawwell Lane, Shrewsbury, the average age was 45.1 and the most common age was 17.
The graph below shows how this compares to West Midlands and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 8, Drawwell Lane, Shrewsbury, 0.7% of property was a second home.
Comparison figures for West Midlands and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 8, Drawwell Lane, Shrewsbury, there are an average of 1.1 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.